Automotive Adhesive Tapes market will usher in the latest development Email: sale@qyresearch.com Tel:0086-20-86655165 http://www.qyresearch.com
Automotive Adhesive Tapes market will usher in the latest development
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Author: Wang Pao
QYR Automotive Research Center; Published time: May 31, 2017
In the last several years, global market of Automotive Adhesive Tapes developed smoothly, with an average growth rate of 4 %. In 2016, global revenue of Automotive Adhesive Tapes is nearly 5700 million USD; the actual production is about 650 million square meters.
The classification of Automotive Adhesive Tapes includes PVC Adhesive Tapes, Paper Adhesive Tapes,
PP Adhesive Tapes and other, and the revenue proportion of PVC Adhesive Tape in 2016 is about 33%.
Paper backing was a prominent segment in 2015 and accounted for 26% of the global volume share and is expected to witness significant growth owing to its high usage in body repairs and part mounting.
Growing demand on account of various advantages including low cost, high elongation and permanent bonding solutions to steel plates will fuel growth over the forecast period.
Interior was the largest application segment in 2016, the proportion is about 52.5%. It is expected to
witness strong gains over the forecast period on account of rising usage in interior mounting and cable mounting. Furthermore, adhesive tapes provide strong bonding while reducing weight as compared to metal fasteners, which will fuel its demand in interior Application. Moreover, tapes are used under
bonnet protection of cables & pipes, for the reduction of vibration & noise and sealing of cavities vehicle doors against dust & moisture.
North America region is the largest supplier of Automotive Adhesive Tapes, with a production market share nearly 29.8% in 2016. Europe is the second largest supplier of Automotive Adhesive Tapes,
enjoying production market share nearly 25.4% in 2016. North America is the largest sales place, with a
Automotive Adhesive Tapes market will usher in the latest development
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sales market share nearly 27.6% in 2016. Following North America, China is the second largest sales place with the sales market share of 25.5%.
Market competition is intense between top 3. 3M, Nitto Denko, Henkel, etc. are the leaders of the
industry. They hold the key technologies and patents, with high-end customers. They have formed global market channel of the industry. However, with the future expanding market, there will be more manufacturers in the future.
This article was first released by QYResearch analyst, if reproduced, please indicate the source. Media Contact: press@qyresearch.com Analyst : wangpao@qyresearch.com
Automotive Adhesive Tapes market will usher in the latest development
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